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Oct
08
Posted by Boe Lindgren
Have you thought about refinancing your home? Most people just hear the doom and gloom from the press, but rates are great. It is time to lock in a 30 year fixed mortgage. It is time to get your paperwork ready, and when the rate drops to where you like it, lock!
To lock, we need to have all paperwork in and an approval. Then we can do a 60 day lock and have plenty of time to fund. So, if you have ever thought about refinancing your home, the next few months could have record low 30 year fixed mortgage.
If the rate never gets low enough for you. Then we did some paperwork and wasted some time. But to have the opportunity to lock at a record low, what is that worth? And I am willing to work with you.
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Sep
09
Posted by Boe Lindgren
I have been a loan officer (in addition to a real estate broker) for the last seven years. I was the guy everyone would ask when they didn’t know where to take a loan. There were over 200 lenders and many different products. About a week ago someone asked me to write about the new products that I run across. I can’t guarantee they are “brand new” (last seven days), but they are new to me.
The new product I was introduced to last Friday was an FHA Energy Efficiency Loan. This is a great tool for a first time home-buyer, and something that real estate professionals should know about to offer their buyers.
It is a 97% LTV (loan to value) meaning the buyer needs to bring in just 3% to buy the home. They uniqueness of this loan is that FHA will loan you another $8,000 to do energy efficient upgrades. Some examples: vinyl windows, efficient furnace, install insulation, etc… The $8,000 is held in an escrow account and is there when the homeowner wants to do upgrades.
Personally I think this is a great government program, and that is something you don’t hear often. With the added demands on energy, and the high cost, this is a program that makes sense for almost all home-buyers. In most cases they savings are instant.
If you or someone you know is looking to buy, send them my way and I can answer all of their questions (or find the answer). I am a loan officer for Hometown Lending.
On another note… I received some calls asking where you can get a 1010 burger? Well, its Frasier’s Sports Bar & Grill located at 1010 N Broadway, Everett. Thanks for the calls!
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Jul
14
Posted by Boe Lindgren
Washington Mutual Bank once home to the 4 grandmas from Ellensburg (Rodeo Grandmas) closed at $3.23 today. They also reported more layoffs coming in September. Remember they quit doing wholesale lending a few months ago. Where is all this going?
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Jul
07
Posted by Boe Lindgren
Indymac (a lender & bank) closed its doors as of today on lending.
Stock symbol: IMB (click through for the latest)
Seattle PI Story Reuters CNN Money Forbes
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Jun
24
Posted by Boe Lindgren
I heard on the vine today that 100 – 150 local banks across the country are predicted to close by the end of 2008. What are your thoughts about this? What are your predeictions for the Seattle to Everett corodor? Have you heard any rumors?
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Jun
17
Posted by Boe Lindgren
The numbers are pretty bad. Sales for Snohomish county or down 46% from May of 2007 with a median price down 8%. There is plenty of homes for sale and many great deals, just very few buyers. If you know of someone looking to buy the opportunity today is great. The 30 your fixed interest rates is hovering around 6.5% and there are a lot of homes to choose from.
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Jun
13
Posted by Boe Lindgren
Forclosures are on the rise… Especially in Western Washington; Pierce, King, and Snohomish County.
